{"id":70,"date":"2024-06-13T06:41:09","date_gmt":"2024-06-13T03:41:09","guid":{"rendered":"https:\/\/reddognodepositbonuscodes.icu\/2024\/06\/13\/arab-millionaire-license-revoked-by-malta-gaming-authority\/"},"modified":"2024-06-17T13:26:37","modified_gmt":"2024-06-17T10:26:37","slug":"arab-millionaire-license-revoked-by-malta-gaming-authority","status":"publish","type":"post","link":"https:\/\/reddognodepositbonuscodes.icu\/2024\/06\/13\/arab-millionaire-license-revoked-by-malta-gaming-authority\/","title":{"rendered":"Arab Millionaire License Revoked by Malta Gaming Authority"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Z6esPUGpHyE\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Gaming Authority of Malta (GAM) has rescinded the operating permit of Arab Millionaire Limited. This firm, functioning under the purview of the GAM, neglected to remit its licensing dues for two successive years, compelling the regulatory body to intervene. <\/p>\n<p>Although issued a notification in August 2022 and subsequently presented with an avenue for contesting the matter, Arab Millionaire instead opted to seek a temporary halt to its license. The GAM acquiesced to this suspension, anticipating that the company would capitalize on the period to rectify the circumstances. <\/p>\n<p>Nevertheless, despite the forbearance extended, Arab Millionaire failed to address the concerns or engage productively with the GAM. This ultimately culminated in the GAM&#8217;s determination to annul the company&#8217;s license. This episode underscores the GAM&#8217;s dedication to maintaining regulatory benchmarks and guaranteeing an equitable and open gaming sphere. <\/p>\n<p>A wealthy Middle Eastern gaming platform is facing serious issues with the Malta Gaming Authority. Their operating permit has been terminated, preventing them from providing services to gamblers. This situation requires the company to communicate with all account holders, explaining the circumstances. They must reimburse any remaining funds and provide clear withdrawal procedures.<\/p>\n<p>Adding to their woes, the company has outstanding debts\u2014a substantial \u20ac50,000 (approximately $52,820). The Malta Gaming Authority also demands a comprehensive report detailing all company transactions within a tight five-day deadline.<\/p>\n<p>Although the company could challenge the decision legally, they are still obligated to settle their financial obligations. Procrastination could lead to further complications with legal authorities. They appear to be caught in a very difficult predicament. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Gaming Authority of Malta (GAM) has rescinded the operating permit of Arab Millionaire Limited. This firm, functioning under the purview of the GAM, neglected to remit its licensing dues for two successive years, compelling the regulatory body to intervene. Although issued a notification in August 2022 and subsequently presented with an avenue for contesting [&hellip;]<\/p>\n","protected":false},"author":101,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gaming License Revoked: Arab Millionaire Fails to Pay Dues<\/title>\n<meta name=\"description\" content=\"The Malta Gaming Authority has revoked the operating license of Arab Millionaire Limited for failing to pay licensing fees for two consecutive years. 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